Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

Hyperliquid Trader Suffers $24M Loss in 12‑Second Ether Liquidation

TL;DR Massive Loss: The Hyperliquid Trader lost nearly $24 million as a long‑held ether short was liquidated in 12 seconds. Rapid Liquidation: Forced sales across five chunks pushed ether higher, worsening losses and emptying the wallet. Market Surge: A broader crypto rally triggered $2.74 billion in short liquidations, including a $48.8 million Bitcoin wipeout. The crypto market’s sharp Thursday surge delivered a brutal blow to a well‑known sh…

Hyperliquid Trader Blows $24 Million Short as 50,000 Ether Position Unravels in 12 Seconds

Twelve seconds. That’s all it took for a Hyperliquid trader to lose $24 million. The wallet, identified onchain as “pension-usdt.eth,”… Read the original on Hyperliquid Trader Loses $24 Million in 12 Seconds as 50,000 Ether Short Gets Liquidated. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Hyperliquid Trader Loses $24M as 50,000 ETH Short Gets Liquidated

A crypto trader known as pension-usdt.eth lost nearly $24 million after a massive Ethereum short position was liquidated on Hyperliquid, wiping out roughly half of the wallets previous short-selling profits. The trader had maintained a 50,000 ETH short position for more than two months before a sharp crypto market rally forced the trade to close. Hyperliquid records show the liquidation unfolded in just 12 seconds through five separate orders as…